Tag: "Charles Grassley"
Cumulus CEO Lew Dickey Reports Limbaugh Boycott Cost Company Millions. During Monday’s first quarter conference call with analysts, Cumulus Media CEO Lew Dickey announced that the advertiser boycott of Premiere Networks’ Rush Limbaugh show – which is carried on 38 Cumulus-owned stations – cost his company “a couple of million” in the first quarter of 2012 and another “couple of million” in the second quarter. Dickey says everything seems pretty much back to normal for June but he blames about 1% of the company’s 3.5% drop in revenue on the Limbaugh boycott. Dickey also addressed the debut of the Mike Huckabee show which airs live in the 12:00 noon to 3:00 pm ET slot and is seen by some observers as a direct competitor to Limbaugh. He says they are very close to having Huckabee on 200 affiliates and he’s viewing the show as a long-term project.
Cumulus Media’s 2012 Q1 Revenue Down 3.5%. The first quarter of 2012 saw Cumulus Media report net revenues down 3.5% on earnings of $245.3 million – down from $254.2 million for the same period a year ago. Free cash flow was up almost 95% to $37 million, up from $19 million for the first quarter of 2011 and EBITDA was up 12.2% to $76.8 million. CEO Lew Dickey states, “The first quarter of 2012 was marked by significant progress in our integration of Citadel as we build Cumulus into a robust platform company that strategically monetizes content, distribution and technology. Complementing this progress was the continued deleveraging of our balance sheet, as well as strategic portfolio management that will enable us tremendous financial flexibility going forward.”
FCC Up to Full Complement. Six months after they were nominated, Republican Ajit Pai and Democrat Jessica Rosenworcel have been confirmed by the U.S. Senate to seats on the Federal Communications Commission. Senator Charles Grassley had been keeping the confirmation from taking place due to his concern over the commission’s handling of the LightSquared case. Grassley has been investigating the FCC’s dealings with the troubled satellite venture suspecting that LightSquared has been given special treatment by the commission.
Pat Miller Cuts Back Duties at WOWO, Fort Wayne; Gregg Henson to PM Drive. Afternoon drive talk show host Pat Miller is leaving his role at the legendary Federated Media station to focus on his own local business. Director of programming operations Gregg Henson takes over the PM drive host duties effective immediately. Miller will remain with the station in several capacities. He’ll host a weekly Saturday afternoon program and he’ll make regular appearances as the station’s expert political analyst. Henson says of Miller, “Pat is a great asset to WOWO and we look forward to redeploying him in other areas to take advantage of his strengths. He is a tremendous resource. Pat’s loyalty and love for Fort Wayne are indisputable and we look forward to his continued relationship with WOWO.” Henson assumed the programming duties at WOWO and sister station WKJG a year ago. He says he’s excited about taking over the PM drive show. “WOWO has a special relationship with this community and I look forward to being a part of it.”
Talk Radio Hosts Converge on Washington, DC for “Hold Their Feet to the Fire” Radio Row. More than 60 talk radio hosts are in Washington, DC today and tomorrow for a radio row sponsored by the Federation for American Immigration Reform. The event is being led by Radio America syndicated talk show host Roger Hedgecock who organized the first radio row dedicated to this issue in 2007 to protest the Senate Amnesty Bill. Talk show hosts taking part have the opportunity to interview numerous legislators and experts on illegal immigration and related topics over the course of the two days. FAIR communications director Bob Dane tells TALKERS, “Once again, talk hosts from across the country are gathering to focus on immigration reform and this election year is the most critical of all. The Obama administration continues to dismantle interior enforcement at a frightening pace and is using unconstitutional backdoor methods to grant amnesty to hundreds of thousands of illegal aliens. With November looming, May is the ideal time to set clear expectations for candidates of all stripes. Responsive politicians respect and listen to the electronic town hall of talk radio and ‘Hold Their Feet to the Fire’ is a yearly bellwether of public sentiment on the immigration issue.”
Odds ‘n’ Sods. Peter Sessa has been the vice president of marketing and communications at Westwood One for the past five years. He stayed with the operation after it was merged with Dial Global but now exits and is seeking his next opportunity…..Tribune’s WGN, Chicago eliminates a news position as midday anchor Jim Gudas is let go for financial reasons…..Phil Cioppa joins the Greenwich, Connecticut-based Business TalkRadio Network where his show which “tackles global and national events and translates them into how they affect the average American’s pocketbook” now airs on some 140 affiliates…..SiriusXM announces it is launching an expanded suite of 30 play-by-play channels dedicated to streaming the official radio broadcasts of every MLB team on the SiriusXM Internet Radio App and online at SiriusXM.com…..WTOP-FM, Washington offers prizes to listeners in the area with the worst commute. Dubbed “Commuter Idle,” listeners must submit stories of their commute online and the winner receives $1,000 in gas money and a limo ride. Runners-up get $150 gas cards…..Merlin Media’s WEMP-FM, New York lets managing editor Doug O’Brien go. The Former WINS, New York staffer has been with FM News 101.9 since its inception last summer…..Yahoo! Sports Radio pairs up Yahoo! Sports columnist Dan Wetzel with college sports writer Pat Forde for a weekly Thursday evening sports talk show on the network…..Bonneville’s KSL, Salt Lake City (the AM side) celebrates its 90th anniversary serving the market…..Sports USA announces its 18-game college football schedule for this fall that kicks off with Michigan State hosting Boise State and wrapping up with the Sun Bowl on New Year’s Eve.
Putin Returns, Anti-Austerity Backlash in Europe, 2012 Presidential Race, New American Obesity Stats, Student Loan Rate Debate, and Terror Plot Foiled Among Top News/Talk Stories Yesterday (4/7). The return of Vladimir Putin to power in Russia; voters in Europe show anti-austerity backlash; the 2012 presidential race; the latest statistics on obesity in America; Congress to take on student loan rate debate; and a plot to destroy a U.S. airliner is foiled were some of the most-talked-about stories on news/talk radio yesterday, according to ongoing research from TALKERS.
Generations. Television stars Robert Conrad (l) and Jorge Garcia (r) pose for a photo at the Paley Center for Media in Los Angeles at the grand opening of an exhibit titled, “50 Years of Warner Brothers.” Conrad, who hosts a weekly talk radio program on CRN Digital Talk Radio, was the star of “The Wild, Wild West.” Garcia starred in “Lost” and currently is featured in “Alcatraz.”